Wednesday, April 19, 2006

MINOR CORRECTION POSSIBLE AT 3570-3600

19, April
Nifty 3518.10

Further upside is possible today, but Nifty may see some minor correction from 3570-3600 levels.

Stop for the longs is 3480.

ITC (198.30) has potential of testing 204 region. Stop 196.

SBI (941) has potential of testing 970. Stop 935.

Tuesday, April 18, 2006

NIFTY HEADING TOWARDS 3500, STOP 3375

18, APRIL

Nifty is behaving in line with our expectation. Next, Nifty has potential of testing 3500 region sharply. The stop for the longs is 3375.

If the region 910 is not violated, Tatamotors has potential of testing 970 levels shortly.

In few trading sessions, Infosys has potential of testing 3450 region. Stoploss for the view is 3150.